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Monthly Archives: June 2022

Crude Drops Despite EIA Inventory Decrease

Written on June 30, 2022 at 3:14 am, by

On Wednesday (GMT+3), the US Energy Information Administration reported a decrease of 2.762 million barrels in its crude oil inventories for the week of 24 June. This is more than the forecasted decrease of 569,000 barrels and the previous week’s decrease of 386,000.  Meanwhile, gasoline stocks increased by 2.6 million barrels, while production averaged 9.5Continue Reading

Powell Raises “Unconditional” Commitment to Battling Inflation

Written on June 27, 2022 at 1:48 am, by

Fighting rampant inflation has become the Fed’s main objective, and Fed Chair Jerome Powell’s words to the US House Financial Services Committee during his semi-annual testimony might have sparked more than a few fears about a recession. Specifically, it means that the Fed might be ready to cause increased unemployment or even a recession –Continue Reading

Join Us at The Global Economic Insights and Current Trends Seminar in Seoul, Korea

Written on June 24, 2022 at 5:16 am, by

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